High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Greek economy braced for impact from Brexit, hopes effect will be limited
The impact of the UK referendum on Greece will be rather small and limited, Bank of Greece (BoG) sources said on Friday after the majority of British voters backed “Leave,” raising questions about what effect this could have on the Greek economy in the months to come.
According to the central bank, capital controls provide a shield for the domestic economy, at least in the short-term. The same sources added that negative impact on markets and tourism is expected to be only temporary.
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